Panel Data Models with Interactive Fixed Effects by Jushan Bai1

@inproceedings{Bai2009PanelDM,
  title={Panel Data Models with Interactive Fixed Effects by Jushan Bai1},
  author={Jushan Bai},
  year={2009}
}
This paper considers largeN and large T panel data models with unobservable multiple interactive effects, which are correlated with the regressors. In earnings studies, for example, workers’ motivation, persistence, and diligence combined to influence the earnings in addition to the usual argument of innate ability. In macroeconomics, interactive effects represent unobservable common shocks and their heterogeneous impacts on cross sections. We consider identification, consistency, and the… CONTINUE READING
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